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Two moving averages warn of a bear market-style price floor in the making, says analysis one month after Bitcoin’s weekly chart “death cross.” Go to Source Powered by WPeMatico
Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. Go to Source Powered by WPeMatico
Dogecoin reaps the benefits of rumors that plans for Musk to buy Twitter outright are in their final stages. Go to Source Powered by WPeMatico
A descending triangle breakdown coupled with XRP’s correlation with Bitcoin can put downward pressure on price. Go to Source Powered by WPeMatico
Both ETH and BTC fell close to five-week lows to start the week, as losses in crypto markets extended on Monday. Following bearish pressure over the weekend, BTC started the week trading below $39,000, while ETH was under $2,900. Bitcoin Bitcoin started the week trading in the red for a fifth consecutive session, as prices … Read more
Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Chainalysis on Crypto Gains Worldwide Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket … Read more
Bitcoin looks set for a fall as a surging U.S. dollar sparks suspicion based on an equally grim macro picture. Go to Source Powered by WPeMatico
Skybridge Capital, a $3.5 billion asset management firm, is “extremely bullish” on the crypto sector, says an executive of the firm. “For us, we think the cryptocurrency markets represent tremendous growth.” ‘The Cryptocurrency Markets Represent Tremendous Growth’ Two executives of Skybridge Capital — founder Anthony Scaramucci and director John Darsie — talked about the firm’s … Read more
Bitcoin bulls are attempting to reclaim the $40,000 level and if this happens, DOT, XMR, APE and CAKE could be the first altcoins to break out. Go to Source Powered by WPeMatico
It’s touch and go as to whether BTC can avoid its first four weekly candles in the red since June 2020. Go to Source Powered by WPeMatico